February 13 Market Observation: A Necessary Liquidity Cleansing

First, let's focus on the dynamics of Bitcoin. Yesterday, the BTC price fell again, retreating to the range of 63000 to 66000. We believe this pullback is a rational market adjustment, primarily aimed at cleaning up the chips of retail investors who entered the market for bottom fishing on February 6, thereby optimizing market liquidity. This process is actually building momentum for the significant rebound that is about to come. Looking ahead to the two-month time window, we expect the rebound target to be locked in between 78000 and 85000.

In addition, when comparing to external market conditions, although the US stock market and precious metals market both experienced a downward trend yesterday, BTC and ETH performed relatively steadily during the same period, demonstrating a strong resistance to declines.